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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (12424)	5/16/2002 4:40:49 PM
From: isopatch	Read Replies (3) \| Respond to of 36161

Paul. Dang! Was about to ask you about cycle dates. Appreciate the input. And ditto on the duck tape for the horns. If it's tough to buy em? Probably the right decision. Added another chunk to my partial PQUE position today @ $6.24 that was sold a while back @ $6.95. Just trading around core position to lower the cost basis on the overall position. From first full load in late Feb in mid 4.90s got it down to lo 4.70s now. So making reasonable progress. Here's the daily and weekly charts. I'd peg the downside risk at about $5.50 to 5.60 and expect new recovery highs before year end. stockcharts.com[w,a]dacayyay[db][pd20,2!c50!f][vc60][iut!Uk14!Uh20,20]&pref=G stockcharts.com[w,a]wacayyay[de][pd20,2!c50][vc60][iUb20!Uh20,20]&pref= G 2 other examples that have good LT prospects in the energy area are Canadian oil service company TESOF and small NG explorer and PENG. These three have good to excellent balance sheets, and strong field operations performance. Isopatch